Calvo Enterprises, Inc. and Calvo Trusts Corp., collectively called Calvo’s SelectCare, are pleased to announce their successful acquisition of Tokio Marine Pacific Insurance.
This strategic move solidifies Calvo's commitment to enhancing its market presence and provides a broader offering of high-quality products and services to its customers. TMPI’s name has formally changed to Calvo’s SelectCare Insurance, Inc.
The acquisition of TMPI brings together two leaders in the insurance industry. Their combined expertise creates a stronger portfolio of insurance products and capabilities that will benefit customers, stakeholders, and Guam’s ever-evolving market. Calvo's remains dedicated to maintaining the highest quality standards, customer satisfaction, and corporate responsibility throughout this exciting new chapter.
CEI Board Directors Leonard P. Calvo, Eduardo “Jake” Calvo, and the former governor, Edward “Eddie” Baza Calvo, are anticipating that the acquisition of Calvo’s SelectCare Insurance will further the mission of CEI to contribute meaningfully to the health of the Pacific Island communities of Guam, the Northern Mariana Island and Palau.
Chairman and President of Calvo’s Enterprises, Inc. Leonard P. Calvo said, "This is an exciting new era for our company. While we have been serving the people of Guam for more than eight decades, we continue to grow and find ways to innovate for the future to better serve our customers and the community.”
Paul A. Calvo, President and CEO of CIU and Vice President of CEI, said, “We are proud to confirm that we have fully acquired TMPI, which is now known as Calvo’s SelectCare Insurance, Inc. We thank TMPI for their tenure here on Guam and their partnership throughout the acquisition process to ensure a smooth transition. The Calvo’s team looks forward to celebrating the new year, also our 85th anniversary, with even more possibilities to support our customers and build upon our legacy of trust."
Frank J. Campillo, the new president of Calvo’s SelectCare Insurance, Inc., shared, “We want to assure our customers that although the name has changed, our health insurance customers, policyholders, and stakeholders can rely on the same quality service they know and love. The only real change is that our operations will be led and managed locally by a team that calls Guam home.”